Homeownership Eligibility Reform Act restricts mortgage insurance and mortgage purchases to U.S. citizens.
The Homeownership Eligibility Reform Act amends the National Housing Act to limit Federal Housing Administration mortgage insurance to U.S. citizens. It also modifies the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to restrict Fannie Mae and Freddie Mac from purchasing mortgages for non-citizen mortgagors. This bill affects eligibility for mortgage insurance and mortgage purchases by federal agencies and government-sponsored enterprises.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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